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Presentation materials for financial results5888DAIWA CYCLE CO.,LTD.Retail

Presentation Materials on Financial Results for the Third Quarter of the Fiscal Year Ended January 2024

For the nine months ended 31 October 2023, revenue increased 16.1% year on year and operating profit increased 16.8%, with both reaching record highs for a third quarter. Progress toward the full-year operating profit forecast reached 96.9%.

Worth reading
51Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1634
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial results2024年1月期 第3四半期7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,805 million+16.1%
Operating profit¥725 million+16.8%
Ordinary income¥737 million+8.0%
Net income¥456 million+2.2%
Gross Profit Margin43.8 %
Operating profit margin6.1 %
Selling, general and administrative expenses¥4,439 million
Results for the three months of the current quarter
Net Sales
¥3,877 million+20.8%
Operating profit
¥229 million+7.0%
Full-year earnings forecast
Net Sales
¥14,862 million
Operating profit
¥749 million
Ordinary income
¥756 million
Net income
¥493 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales79.4 %
Operating profit96.9 %
Ordinary income97.4 %
Net income92.4 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
営業利益の進捗率96.9％と順調に推移
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
New Store Openings+19店舗
Number of company-operated stores
2022年10月末97 Location
2023年10月末116 Location
New initiatives
  • 高耐荷重自転車Durasic 100の新発売
  • 通勤通学自転車Biz NEO IIのリニューアル
  • ボーイズサイクルFireDRAGON IIIのリニューアル
  • Opening new stores
Key KPIsA metric the company considers important as a management benchmark.
  • Store count122 Location
  • Number of company-operated stores116 Location
    Year on year against the same period last year+19店舗
  • 電動アシスト車の売上比率59 %
  • 電動アシスト車売上成長率（3期CAGR）20 %
  • サポートパック加入率半数以上
Market Size / Share
Sales mix of electric-assist bicycles
The Company59 %
Industry total39 %
Sales growth rate for electric-assist bicycles
The Company20 %3期CAGR
Industry total6 %3期CAGR
Number of stores and locations
Number of Stores at Period-End122 Location
Breakdown
Company-operated116
FC6
During the period
New Store Openings15
Store closures0
Number of employees
847 People
As of2023年10月末
パート社員209
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period Covered2024年1月期 第3四半期
Net Sales¥11,805 million (YoY +16.1%)
Operating profit¥725 million (YoY +16.8%)
Ordinary income¥737 million (YoY +8.0%)
Net income¥456 million (YoY +2.2%)
Gross Profit Margin43.8 %
Operating profit margin6.1 %
Selling, general and administrative expenses¥4,439 million
Results for the three months of the current quarterNet Sales ¥3,877 million (YoY +20.8%) / Operating profit ¥229 million (YoY +7.0%)
Full-year earnings forecastNet Sales ¥14,862 million / Operating profit ¥749 million / Ordinary income ¥756 million / Net income ¥493 million
Progress against full-year forecastNet Sales 79.4 % / Operating profit 96.9 % / Ordinary income 97.4 % / Net income 92.4 %
Self-assessment against the plan営業利益の進捗率96.9％と順調に推移
Breakdown of Factors Affecting the ChangeNew Store Openings +19店舗 / Number of company-operated stores 2022年10月末 97 Location / 2023年10月末 116 Location
Key KPIsStore count 122 Location, Number of company-operated stores 116 Location, 電動アシスト車の売上比率 59 %, 電動アシスト車売上成長率（3期CAGR） 20 %, サポートパック加入率 半数以上
Number of stores and locationsNumber of Stores at Period-End 122 Location / Breakdown Company-operated 116 / FC 6 / During the period New Store Openings 15 / Store closures 0
Number of employees847 People
Market Size / ShareSales mix of electric-assist bicycles The Company 59 % / Industry total 39 % / Sales growth rate for electric-assist bicycles The Company 20 %（3期CAGR） / Industry total 6 %（3期CAGR）
New initiatives高耐荷重自転車Durasic 100の新発売, 通勤通学自転車Biz NEO IIのリニューアル, ボーイズサイクルFireDRAGON IIIのリニューアル, Opening new stores
Items this document does not state (12)
Segment resultsUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

新規出店19店舗が売上高と営業利益に寄与したほか、自治体による地域経済活性化策や販売促進策により既存店売上も増加した。低価格志向の高まりで自転車の買い替えが減る一方、修理が増加した。

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Presentation Materials on Financial Results for the Third Quarter of the Fiscal Year Ended January 2024 | DAIWA CYCLE CO.,LTD. (5888) timely disclosure | Komori